Wednesday, October 08, 2008

President Barack Hoover

What is Barack Obama (D-Fannie Mae) really proposing to do at a time when Americans are staggering under the burden of the housing bubble bust? Bringing back Hooverville. (I exaggerate only slightly.) Hugh Hewitt:
At an early point in the debate, John McCain scolded Obama for wanting to raise taxes in a time of deep economic uncertainty and shrinking growth. He reminded the audience that Hoover had done the same thing, and mentioned protectionism only to put it aside with the remark that surely the debate would return to the issue of free trade in a world where economic growth is crucial to every nation's rise.
The debate didn't go there again but we know what the Democrats have in mind for us:
Obama-Pelosi-Reid will not be able to resist the massive tax hikes that have lurked behind their every scheme for the past 28 years since Reagan wrested the government from the last group of statists. The unions have wanted protectionism since Bill Clinton signed on to NAFTA. The environmentalists want the sort of global warming regime that will not merely curb but positively punish economic growth, and the anti-nuclear reflex within the Democratic Party is so deep that while Obama can make a few noises about the need for new nuke plants, none would begin under his tenure. Obama said last night that we need new oil exploration off-shore. Does anyone really believe that will happen? Energy shortages would go from a predictament to a policy overnight.
It's no time for a rookie with a doom and gloom agenda.

P.S. The polls are tightening again so let's hope people are starting to concentrate on these consequences.

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